Sophisticated Investor

Parkview, Auckland

Opportunity Fully Subscribed

12%

Per Annum Return

Interest Paid Monthly

Secured Property Loan

75% Max LVR

Parkview comprises over 16,000m2 prime land for the development of residential, commercial and retail buildings

Part of the Alexandra Park Trotting Club grounds, the land sits in Epsom, one of Auckland’s most prestigious suburbs, and only 10 minutes to the CBD.

This secured property loan is to support early works for Stage 1 of the development

Fixed price construction contract

Desirable site location next to Cornwall Park and Alexandra Park

Proven team of builder, architects and financial sponsors with a strong track record of delivering completed projects

Straight forward build with high-end finishes; well suited to upscale and prestigious surrounding suburbs

Sophisticated Investors

To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor.

Project Plan & Zoning

The acquisition forms part of a subdivision to Auckland Trotting Club land, known as Alexandra Park

Consent to the subdivision was granted by Auckland Council in March 2022 and 3 individual titles were issued in August 2022.

The land totaling 16,110m2 then underwent an application for further subdivision into 7 individual lots.

Consent for this subdivision was granted in November 2022:
Lot 1
2931m2
Lot 2
1973m2
Lot 3
2593m2
Lot 4
2520m2
Lot 5
3145m2
Lot 6
2948m2
Lot 8
5544m2 (Basement Level)

Proposed subdivision into 7 lots and future development.
Illustrative only.

All lots are zoned ‘Business – Mixed Use, Activity Areas’
This enables development to provide for a mix of residential, retail, entertainment, food and beverage, office, supermarket, health care and community facilities.

Investment Terms

12%

Receive 12% per annum return on your investment

Paid Monthly

Interest paid to you monthly, with quarterly statements

Summary

Borrower
RT Parkview Pty Ltd as trustee for Gleneagle Parkview Trust
Property Valuation

Land Value: ~NZD$95m estimated post 7 lot subdivision
Value on Completion: ~NZD$557m anticipated land, asset and business value

Investment Loan

Proceeds used to support construction early works and related costs

Interest

12% p.a., payable monthly

Loan Maturity
31st October 2023
Max LVR
75%
Investment Close

30th June 2023

Minimum Investment
AUD$50,000 (open only to sophisticated investors within the meaning of section 708(8) of the Corporations Act)
Loan Repayment

Early repayment allowed at discretion of borrower

Loan Security
2nd Ranking Secured Loan Facility comprising an all asset charge over the Borrower and 2nd mortgage over the land owned by the Borrower, behind senior land secured financing of ~NZD$49.1m, and senior construction secured financing ~NZD$167m
Deed
Investors may request a copy of the trust deed if desired
Gleneagle Product Code

PARK12P2210

Parkview Auckland Secured Property Loan
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Stage 1

Buildings C1 and C3 form the first stage of development, within what is to be known as ‘Parkview on Cornwall’

Queen of the Park

MANAGED LUXURY RETIREMENT LIVING

90 luxury apartments spanning 10 floors 
The key target population for retirement living are those 75+. In 2021 there were estimated to be almost 345,960 NZ residents 75+ years of age. By 2048, this is forecast to increase by over 140%. This vast increase adds further weight to the growing demand from residents and their families for premium accommodation options. Though New Zealand continues to deliver new units to meet increasing demand, JLL research suggests that demand will continue to outweigh the country’s development pipeline.

Statistics Source: JLL Research; Statistics New Zealand

Cardigan Bay

BESPOKE RESIDENTIAL APARTMENTS

100 luxury apartments spanning 10 floors 

Epsom is a highly desirable suburb, proving particularly popular with families. Parkview is situated on the greenscape of Cornwall and Alexandra Parks and is within Epsom’s coveted ‘Double Grammar’ school zone.

Pre-sales for Building C3 the apartments commenced strongly in Q2 2022, with further appreciable sales forecast from the pipeline.

CMP Construction & On Track Developments

On Track Developments and CMP Construction offer over 30 years’ experience as a successful Auckland construction company specialising in large commercial and industrial developments. CMP specialises in large-scale new commercial buildings – multi-storey apartments and offices, industrial and warehouse buildings. On Track Developments are the developer for Gleneagle Parkview (NZ) Ltd.

Project Progression

November 2021

Preliminary Geotechnical boreholes completed

December 2021

Preliminary schemes developed

February 2022

Ground condition report completed

March 2022

Boundary realignment of land and council approvals received

April 2022

Architectural plan and design work for Resource Consent completed for Stage 1

June 2022

Pre-sales campaign commenced for Cardigan Bay

August 2022

Freehold titles issued for Lots 1, 2 and 3, totaling 16,110m2

November 2022

  • Resource Consent granted for ‘Queen of the Park’ and ‘Cardigan Bay’
  • Resource Consent granted for further land subdivision into 7 individual lots
  • Site preparation and construction of early works commenced for Stage 1

Now

New loan now open to investors
Proceeds used to support construction of early works and related development costs

2023 Onward

Future Stages of approved residential, retail, and commercial development

Get Started

Apply for this product through any of these entity types

AMF-individual
Individual
AMF-joint
Joint
AMF-company
Company
AMF-trust
Trust
AMF-smsf
SMSF

Frequently Asked Questions

This project meets Gleneagle’s strict investment criteria, and we are uniquely placed to capitalise on development opportunities, regardless of their geographic location.


We have a strong track record in delivering similar projects in New Zealand and have a close working relationship with all consultants involved, (both in Australia and New Zealand.)

Where specifically noted, some financial figures have been reported in the project’s local currency – New Zealand Dollars (NZD).


However, Gleneagle is an Australian Investment Bank. Your investment in this product, respective interest payments made to you, and any reporting or statements provided to you, will always be in Australian Dollars (AUD).

Investors will subscribe for an allocation of units in the GE Parkview Lending Trust (1 Unit per $1 AUD Invested).


When interest is paid on the loan each month, the trust distributes that interest to investors, proportionate to the number of units they own.


This structure simplifies otherwise complex requirements relating to GST and withholding tax on interest.

Investors are paid interest monthly.

Statements are provided on a quarterly basis, however interest is paid to investors monthly.

This product is open only to sophisticated investors (within the meaning of section 708(8) of the Corporations Act). Learn more about qualifying as a Sophisticated Investor here.

Gleneagle Parkview (NZ) is a wholly owned subsidiary of Gleneagle Securities (Aust) Pty Limited.

Centennial Property Group (a company associated with Gleneagle Securities (Aust) Pty Limited through Director representation and ownership) has approximately $1.5bn in property under management and a development pipeline of $778m.

Invest at the Source

Leverage Gleneagle’s relationships and buying power to gain access to the same investment vehicles used for their own bank capital.

Rigorous Due Diligence

Each deal is subject to extensive credit assessment, compliance, and underwriting conditions. Each year, only a select few meet Gleneagle's strict criteria.

Aligned Interests

All deals we facilitate and put forward to you are coinvested by Gleneagle, ensuring our interests are always aligned with yours.

$1.2B

Funds Under Management & Advice

108
Team Members
Globally
56,000 +
Clients
& Counting
≈ $ 4B +
Traded
Daily
Statistics relative to Gleneagle Securities (Aust) Pty Limited and its wholly owned subsidiaries

Learn More

Questions? To learn more about this opportunity, please get in touch.

By clicking submit, I agree to the terms of Share Prices' & Australian Managed Funds' Financial Services Guide and to be contacted, in accordance with the Privacy Policy.